Omo-Agege moves for removal of oil Subsidy

Omo-Agege moves for removal of oil Subsidy

…expresses Concern Over Relocation of Oil Companies from Niger Delta.

By Henry Umoru

ABUJA – DEPUTY President of the Senate, Senator Ovie Omo-Agege has stressed the need for Nigeria as a country to discontinue the multibillion Naira oil subsidy regime.

According to him, what was required at the moment to address the lingering issue of inadequate refined oil production to match local consumption, was to fix the country’s ailing refineries.

In a statement by his Special Adviser, Media and Publicity, Yomi Odunuga, Omo- Agege also expressed surprise that in spite of obvious economic realities, some people within and outside the NNPC still continue to believe that sudsidy is the solution.

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